Ethereum is the main reason that blockchain equals the Internet in popularity

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Ethereum is the main reason that blockchain equals the Internet in popularity, according to the head of the payment startup Circle, Jeremy Allaire.

He believes that in the future, the use of blockchain technologies and cryptocurrency will become as familiar as the Internet in 2018, especially in the recognition of the blockchain will help Ethereum.

“The market catalyst [cryptocurrency] was Ethereum, which created a platform on which to develop applications. You can release your own tokens, create new types of financial contracts with smart contract technology, “says Jeremy Allaire.

Also, the head of Circle notes that the appearance of ETH spurred the development of competitors such as EOS, NEO, and Cardano. But the presence of competitors did not prevent Ethereum from attracting to its platform a huge number of developers.

“This is a very fertile soil in a fundamental, technical and infrastructural sense, ” notes Allaire.

As for investments, according to Allaire, the focus is shifting from “major currencies”, such as bitcoin and ETH, to “high-level tokens” created on the blockchain of major coins. However, both ETH and bitcoin were excellent investment options.